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Is this allowed??
Annie333
Posts: 1 Newbie
in Credit cards
Got a letter from GE Money to say the interest they charge is going up from 17.460% to 20.837%, straight away......... whats that about?. I have cleared the card, so Im ok ... but can they just do that?
0
Comments
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The answer is yes - there will be something in the T&C allowing them to change interest rates at will. It may or may not specify a notice period - you'd have to check0
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We get such a pants deal as a consumer. T&Cs are all in their favour. I had this recently with a card being taken over by Goldfish, which means I have lost a preferential interest rate. Grrr.I have had many Light Bulb Moments. The trouble is someone keeps turning the bulb off
1% over payments on cc 3.5/100 (March 2014)0
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